Page 2 - Mineral Blocks

Govt plans to auction 22 mineral blocks in 3 states within next two months

The government plans to auction 22 mineral blocks in Maharashtra, Uttar Pradesh and Goa in November and December. The mines to be auctioned include six iron ore blocks, three blocks each of limestone and gold, two blocks of bauxite, one block each of copper, phosphorite and glauconite, according to the mines ministry. The notice inviting tenders for the blocks were floated in September. While the mines in Maharashtra will be auctioned next month, those in Uttar Pradesh and Goa will be put on sale in December. So far, more than 180 mineral blocks have been put on sale since the system of auctioning of mineral blocks began. The government started the process of allocating mineral blocks through auctions in 2015-16. The ministry has expressed hopes of auctioning 500 mines by the end of 2024. The Centre is aiming to increase the mining sector's contribution to the country's Gross Domestic Product (GDP) to 5 per cent from 2.5 per cent at present. The ministry has also notified the Mi

State govts auctioned 100 mineral blocks from March 2021 to Aug 2022

The state governments have auctioned 100 mineral blocks between March 2021 and August 2022, the Union Ministry of Mines has said

Forest clearance to explore mineral blocks likely to be scrapped

Reconnaissance Permit (RP) is granted for preliminary prospecting of a mineral through regional, aerial, geophysical or geochemical surveys and geological mapping

FY20 to witness auctions of most mineral blocks since inception of new MMDR

16 blocks already auctioned this fiscal, 43 others notified

Nine new mineral blocks at Odisha's auctions may draw lukewarm bids

Stakeholders feel these blocks may lose out to the lapsing merchant blocks where it will be easier to recommence mining and achieve seamless production and despatch

Govt to auction 7 mineral blocks in Odisha from October 22-November 1

Of the seven mines to go under the hammer, four are limestone blocks, two are chromite ore mines and one is graphite block

GSI to submit reports on 18 mineral blocks by Dec to fast-track auctions

Though Rs 10.48 billion has been collected as on July end under NMET, fund utilisation remains slow, with only 62 projects being sanctioned

Tepid use of funds accruing to NMET slows down mineral exploration

Though Rs 10.48 billion has been collected under NMET as on July end, fund utilisation remains slow, with only 62 projects having been sanctioned

29 mineral blocks worth resource value of Rs 1.56 lakh crore auctioned

Of the 29 blocks, 21 mines with a value of resources of Rs 0.93 lakh crore auctioned till March 31

29 mineral blocks worth Rs 1.56 lakh crore auctioned so far: Goyal

He further said 11 mineral blocks are proposed to be auctioned in Chattisgarh, 9 in Jharkhand

Odisha to auction seven more mineral blocks in December

The blocks will be auctioned after receipt of reports on exploration from the MECL

71 mineral blocks to go under hammer in FY18, says Mines ministry

These include 6 blocks in Andhra, 11 in Chhattisgarh, 12 blocks in Gujarat, 9 in Jharkhand

222 mineral blocks on radar for auctions in 2017-18

As many as 222 mineral blocks are in the pipeline for auctions in 2017-18. While all these blocks could be potentially auctioned, the actual number of blocks to go under the hammer would depend on their status of exploration and the readiness of the respective state governments.In the list are blocks being explored by the Geological Survey of India (GSI) and Mineral Exploration Corporation of India Ltd (MECL). Between them, nine mineral bearing states- Andhra Pradesh, Chhattisgarh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Odisha, Tamil Nadu and Telengana are readying 75 mineral blocks for the auction process. Karnataka tops the list with 57 mineral blocks on offer for auctions followed by Madhya Pradesh with 46 and Jharkhand at 39.This apart, there are 100 lapsed mineral applications under Section 10 (A) (2) (c) of the amended Mines and Minerals- Development & Regulation Act (MMDR), 2015. These leases refer to the cases where mining leases could not be executed within the ..

States may auction 231 lapsed mineral blocks

Mines ministry asks states to file caveat with courts to avert any possible stay on such blocks

Six months on, few takers for auction of mineral blocks

Only six mines have been auctioned by three states